Treasury yields retreated
on Monday after data showed new orders slowed in May, with a
measure of prices paid by businesses for inputs falling to a
three-year low, suggesting Federal Reserve efforts ...
* Loonie dips 0.1% against the U.S. dollar. * Price of U.S. oil settles 0.6% higher. * 2-year yield touches highest since October 2007. By Fergal Smith. The Canadian dollar edged lower against the greenback on Monday, but held on to much of its recent gains as oil prices rose and investors assessed prospects of the Bank of Canada resuming its interest rate hiking campaign this week.
Euro zone government bond yields rose on Monday after a sharp fall last week, while the gap between Italian and German borrowing costs narrowed to its smallest since April 2022.
* U.S. services sector barely grew in May, new orders slowed. * Dollar, Treasury yields slip after data. * Markets see 80% chance of Fed skipping rate hike in June. By Deep Kaushik Vakil. June 5 - Gold rebounded on Monday after weaker U.S. services sector growth reinforced bets for the Federal Reserve to stay pat on interest rates next week.
STOCKS: The benchmark BSE Sensex rose 240.36 points, or 0.38%, to 62,787.47, while the broader NSE index gained 59.75 points, or 0.32%, to 18,593.85 propped by sustained gains in auto stocks and on stronger bets that the Federal Reserve may skip an interest rate hike later this month.
A look at the day ahead in U.S. and global markets from Mike Dolan. World markets retained a warm afterglow from Friday's shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia's output cut clouding the picture.
STOCKS: The benchmark BSE Sensex rose 256.39 points, or 0.41%, to 62,803.5, while the broader NSE index gained 65.85 points, or 0.36%, to 18,599.95, tracking gains in Asian peers. RUPEE: The Indian rupee weakened 0.44% versus the U.S. dollar, and quoted at 82.68 per dollar, pressured by likely importer hedging and the weakness on the Chinese yuan.
Euro zone government bond yields rose on Monday after a sharp fall last week, while the gap between Italian and German borrowing costs narrowed to its smallest since April 2022.
Turkey's dollar-denominated government bonds were up as much as 1.1 cents and on course for a fifth straight session of gains on Monday, after the appointment of Mehmet Simsek as the country's new finance minister. Simsek, 56, won markets' confidence during terms as finance minister and deputy prime minister between 2009 and 2018.
STOCKS: The benchmark BSE Sensex rose 314.43 points, or 0.5%, to 62,861.54, while the broader NSE index gained 78.25 points, or 0.42%, to 18,612.35, tracking the mood in the broader Asian market, as mixed U.S. jobs data bolstered bets that the Federal Reserve may skip an interest rate hike later this month.
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